Accounting for IGCSE & O level - Accounting Procedures (Section 26 - No. 25)
Which of the following is the correct entry to record a sales return?
Debit sales returns, credit customer account.
Credit sales returns, debit customer account.
Debit purchases, credit customer account.
Debit sales returns, debit customer account.
Explanation
Sales returns decrease amount owed by customer, therefore debit sales return account, and credit the customer account
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